August 5, 2025 @ 3:04 pm By Tony Zerucha  |  

This week, Drizz, founded by Asad Abrar, Partha Mohanty, and Yash Varyani (engineers from Amazon, Coinbase, and Gojek), launched from stealth with a $2.7 million seed round to introduce a Vision AI mobile app testing agent. The round was led by Stellaris Venture Partners and… Read More

 Tagged Anuj Rathi, Asad Abrar, Drizz, funding round, Partha Mohanty, Vaibhav Domkundwar, Yash Varyani

August 5, 2025 @ 9:50 am By JD Alois  |  

Following its merger with Auto Club Trust, FSB, Grasshopper has announced $46.6 million funding round. Grasshopper is a federally chartered digital bank that targets small business customers. Its services include the full range of expected business banking services plus offers embedded banking and banking as… Read More

 Tagged banking, digital bank, funding round, grasshopper

August 5, 2025 @ 6:42 am By Tony Zerucha  |  

Lili, a platform that integrates business banking, business credit, and accounting for small and mid-sized businesses, this week launched the Lili BusinessBuild Program, a credit-building solution that helps entrepreneurs build and monitor their business credit profile directly from their Lili account. For many business owners,… Read More

 Tagged BusinessBuild, chris moss, credit, Lilac Bar David, lili, SMB

August 5, 2025 @ 2:04 am By Omar Faridi  |  

The UK banking sector is navigating a complex landscape marked by profitability challenges, evolving consumer behavior, and significant regulatory developments, as highlighted in recent analyses from KPMG UK. These insights underscore the delicate balance banks must strike to maintain financial stability while adapting to economic… Read More

 Tagged banking, financial services, insights, uk, united kingdom

August 5, 2025 @ 12:07 am By Omar Faridi  |  

Remitly, a Seattle-based digital remittance service, has announced its adoption of stablecoins to enhance its international money transfer capabilities. This strategic initiative will aim to position Remitly at the center of financial tech advancements, leveraging blockchain technology to offer faster, more cost-effective, and secure cross-border… Read More

 Tagged global payments, remitly, remittances, stablecoins

August 4, 2025 @ 3:25 pm By Omar Faridi  |  

The venture capital landscape continues to mature, with notable shifts in fund sizes and sector-specific dynamics reshaping the startup ecosystem. Data from Carta, a platform for equity management, highlights two significant trends: a surge in smaller VC funds in 2024 and a marked decline in… Read More

 Tagged carta, insights, investing, saas, startups

August 4, 2025 @ 11:31 am By Omar Faridi  |  

The UK financial sector is navigating a transformative period, with evolving consumer preferences, regulatory changes, and technological advancements shaping the industry. Recent updates from UK Finance highlight key developments in consumer readiness for digital finance, improvements in Cash ISA transfer efficiency, priorities for motor finance… Read More

 Tagged cash, uk, uk finance, united kingdom

August 4, 2025 @ 11:30 am By Omar Faridi  |  

London-based fintech startup Due has announced the launch of its cutting-edge Stablecoin Payments API, alongside an extension of its seed funding round to $7.3 million. Founded in 2022 by Revolut alumni, Due aims to dismantle the inefficiencies of traditional cross-border payments by leveraging blockchain technology… Read More

 Tagged apis, Cross-Border Transactions, due, payments, stablecoins

August 4, 2025 @ 11:29 am By Omar Faridi  |  

UK’s online pension provider PensionBee noted that the Department for Work and Pensions has this morning published annual statistics on workplace pension participation and savings trends: 2009 to 2024. PensionBee also mentioned that the statistics showed that rates of “participation in Auto Enrolment have remained stable… Read More

 Tagged pensionbee, retirement, savings, uk, united kingdom

August 4, 2025 @ 8:33 am By Omar Faridi  |  

Swedish BNPL Fintech Klarna is reportedly gearing up to relaunch its initial public offering (IPO) this autumn, following a pause earlier this year. Sources cited by Sky News indicate that the company and its advisors are targeting a September or October listing, provided market conditions… Read More

 Tagged bnpl, buy now pay later, flexible payments, ipos, klarna